The property behind Hillsboro 1031 DST sold on May 4, 2018 for $19,875,000, as reported by the sponsor Inland Private Capital in its portfolio overview of private placement programs. The Delaware Statutory Trust (DST) had opened its raise with a Form D filed January 28, 2010 under 506(b), per the filing. Top1031 classifies the asset as Other Real Estate.
Inland Private Capital reports the result in two documents: the portfolio overview linked above, and the memorandum for a later offering, IPC Sun Belt Multifamily III, which carries the same figures.
Item | Figure |
|---|---|
Offering amount | $12,837,500 |
Minimum investment | $100,000 |
Total return | 133.81%, as reported by the sponsor Inland Private Capital in the IPC Sun Belt Multifamily III memorandum |
Annualized return | 4.02%, as reported by the sponsor Inland Private Capital in that memorandum |
Equity multiple | 1.34x, as reported by the sponsor Inland Private Capital in the same memorandum |
Two hold measures sit in the record: 8.3 years, derived from the filing and sale dates, and 8.42 years, carried in Top1031's record and used here as the hold of record. The Sponsor of record for this Offering is Exchange Hillsboro. How that entity relates to Inland Private Capital is not stated in the documents at hand.
The Form D carries no performance figures and no distribution terms, and no offering memorandum for the Trust sits in the record here, so what the offering originally disclosed to its investors on distributions cannot be read from what is available. Neither the property nor its location is identified anywhere in that record, the Trust's own name notwithstanding. No dated release announcing the sale surfaced either; the outcome reaches the public record through the sponsor of a later program.